Samsung SDS Pilots Blockchain-Based Medical Insurance Network

Coindesk | Oct 17, 2019 at 6:00 AM
  • Samsung SDS, an IT solution developer partially owned by the South Korean tech conglomerate, is expecting to roll out a blockchain-based medical claims processing system this month.
  • Samsung SDS is 22.6 percent owned by Samsung Electronics and 17.1 percent owned by Samsung C&T.
  • Samsung SDS believes that the network will reduce the workload at medical institutions, shorten wait times for claims processing and reduce the cost of processing medical claims by up to 70 percent.